India registers 350% rise in cyber crime in three year

India has emerged as one of the most favorite countries among cyber criminals and most of them initiated from US, Turkey, China, Brazil, Pakistan, Algeria, Turkey, Europe, and UAE.

In India, there has been a surge of approximately 350% in cyber crime cases registered under the Information Technology (IT) Act, 2000 from the year of 2011 to 2014, a recent ASSOCHAM-PWC study reveled.

The Indian Computer Emergency Response Team (CERT-In) has also reported a surge in the number of incidents handled by it, with close to 50,000 security incidents in 2015 alone, as per the study. A new breed of cyber criminals has now emerged, whose main aim is not just financial gains but also causing disruption and chaos to businesses in particular and the nation at large.

The study highlighted that Operational systems are increasingly subject to cyber attacks, as many are built around legacy technologies with weaker protocols that are inherently more vulnerable. The continued and regular sharing of cyber security intelligence and insights is essential to improving the resiliency of these systems and processes from emerging cyber risks.

India has emerged as one of the most favorite countries among cyber criminals and most of them initiated from US, Turkey, China, Brazil, Pakistan, Algeria, Turkey, Europe, and UAE.

The continuous research and development can help in capacity building and coming up with effective solutions, adds the study. The study suggested to maintain a cross-sector knowledge database inclusive of all the past incidents and threats and analysis to strengthen protection measures.